FHA Help

[Michael Lee]

Hey all,

Just wanted to hear some thoughts. I bought my personal home over 5 years ago and the PMI just got lifted off my property. I also haven't bought a house with conventional financing since. I was hoping to purchase another home within the next two years and rent my current one out. Would I need to first refinance my home in order to get FHA financing for my next home?

It's possible I might sell but if I do rent it out I would be hitting close to the 2% rule which would be great for cash flow to help pay the mortgage for the next house I buy.

Thanks for the help.